Asian markets marked time on Thursday with two major centers – Japan and China – shut for holidays while the dollar held on to overnight gains after the U.S. central bank poured cold water on rate cut expectations.
Facebook Inc and the Federal Trade Commission (FTC) are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source.
Asian markets marked time on Thursday with two major centers – Japan and China – shut for holidays while the dollar held on to overnight gains after the U.S. central bank poured cold water on rate cut expectations.
British Prime Minister Theresa May fired Defence Secretary Gavin Williamson on Wednesday over the leak of information about Chinese telecoms company Huawei.
PG&E Corp on Wednesday sought court approval for a $105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider.
The U.S. House Transportation and Infrastructure Committee will hold a May 15 hearing on the grounded Boeing 737 MAX and the Federal Aviation Administration’s (FAA) aircraft certification program, three people briefed on the matter said on Wednesday.
Apple Inc shares rose nearly 5 percent on Wednesday, pushing the iPhone maker’s market valuation back toward $1 trillion as its quarterly report and upbeat forecast soothed investors worried about falling iPhone sales.
Wearable device maker Fitbit Inc reported better-than expected first-quarter results and reaffirmed its full-year revenue forecast on Wednesday, as it sells more smartwatches and wearable devices that track health at affordable prices.
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.
Qualcomm Inc shares fell about 2% on Wednesday as investors got their first look at the bottom line impact of a patent fight settlement with Apple Inc.
Traders of U.S. short-term interest rate futures trimmed bets the Federal Reserve would cut rates before the end of the year after Fed Chairman Jerome Powell poured cold water on the idea.
Wearable device maker Fitbit Inc reported better-than expected first-quarter results on Wednesday, benefiting from higher sales of its smartwatches and wearable devices that track daily activities.
Qualcomm Inc on Wednesday forecast current-quarter revenue largely below Wall Street targets, excluding a settlement payment from Apple Inc, sending its shares down 3 percent in after-hours trading.
Global equities lost ground on Wednesday, snapping a three-day winning streak after the U.S. Federal Reserve held rates steady as expected but comments from Fed Chairman Jerome Powell cast doubt on whether the central bank’s next move would be a rate cut.
Qualcomm Inc beat analysts’ expectations for second-quarter revenue on Wednesday, adding to recent bullish results from a host of chipmakers that have allayed investor concerns over sluggish demand.
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